Moody's rates MPT loans Ba1

Moody's Investors Service said it assigned a rating of Ba1 to the proposed senior secured credit facility of MPT Operating Partnership, LP, along with a Ba1 corporate family rating to Medical Properties Trust Inc.

The outlook is stable.

The ratings reflect the health-care REIT's sound operating performance and good EBITDAR coverage ratios on most of its facilities, Moody's said.

The ratings also reflect its modest overall leverage and healthy fixed charge coverage, the agency said. The company's financial flexibility is limited given its lack of unencumbered assets, Moody's said.

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